Unit 36 Business Formulas
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| Instructions: Solve the following problems using the page 92 and 94 procedures. Be sure to state the unknown quantity, the given quantities, the formula, and label your answer. | |
| 1) Calculate the amount of simple interest earned on
$800 invested for four years at 4%.
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2) Calculate the amount of profit earned by a company with revenue of $630,000 and costs of $355,000. |
| 3) A $375.79 CD player is being sold for $339.99. Find
the discount.
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4) A large pizza costing $13.92 contains 12 slices. What is the cost per slice? |
| 5) What was the total revenue of a company with profit
of $185,000 and costs of $265,000?
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6) $14.00 interest was earned on an $80.00 savings account earning interest of 5%. How long was the money invested? |
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Answers
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